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Friday, December 9, 2011

'Eurozone bailout boost no 'big bazooka', analysts warn

from london evening standard........


"Herman Van Rompuy, president of the European Council, said that central banks in the eurozone, together with some other EU countries, would provide the extra resources to the International Monetary Fund.

However, there was no agreement on boosting the eurozone's own bailout funds, a failure that traders say could lead to crisis in the new year if economies fall back into recession.
In their statement, euro leaders put off until March the decision on whether their own rescue funds need to go higher than the present €500 billion."

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